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Posts by Spot Blue

Bodrum International Airport Traffic Grew 11% in 2010

Istanbul is currently one of the highest profile cities in the world, what, with its economy and property market booming, construction booming, employment growing faster than any other city in the world (Brookings Institute 2010) and one of the fastest growing populations in the world as well. As a result...

Posted on 25 May 2011

Turkish Car Sales Hit New Peak in January

In 2010 Turkey's automobile industry became a dominant force within Europe, and early signs for 2011 show that this looks set to continue. Car and light commercial vehicle sales grew 64% year on year in the first 4 months of this year according to new data from the Automotive Distributors...

Posted on 06 May 2011

Turkish Exports Up 25% in April — 22% in Q1

Of all the news on the Turkish economy, the record exports in April is arguably the most significant. If you read like I do on the Turkish economy you will see that the news is overwhelmingly one-sided on the positive side, and that the negative news is almost all centred...

Posted on 05 May 2011

Alanya Gazipasa Welcomes first International Flight

The well known if not semi-famous Gazipasa airport welcomed its long awaited first international commercial flight at the end of last month. A Transavia Boeing 737 landed from Holland at around 21:00 on the 27th of April, following 2 triumphant pass-overs. The event was a joyous celebration, with the fire...

Posted on 04 May 2011

Will Turkey Ever Join the EU?

With all that’s going on in Libya, Syria and the Middle East in general, we can almost forgive the press for the lack of coverage of the two EU enlargement meetings with Turkey and Croatia last week. Well, to be honest there is also the potential that they didn’t give...

Posted on 29 April 2011

Never a better time to buy property in Turkey

In these times, it is challenging to identify good property investments. After more than a decade of price appreciation, most property markets suffer from oversupply, high prices and the effect of rising interest rates. Hence Turkey stands out. Residential prices in Turkey rose after relaxation of foreign ownership restrictions in...

Posted on 26 November 2008

Foreign investment in Turkish property grows

Foreign investors have spent over 10 billion dollars on property in Turkey over the last five years according to the latest available figures. The amendment of the Foreign Direct Investment Law, which would overhaul the conditions for foreigners’ real estate investments, is expected to allow foreign companies and individuals to...

Posted on 20 November 2008

Ramada expanding in Turkey

Ramada, a major international hotel chain, is in talks with investors to build new hotels in Turkey, a senior executive of the company has said. Murat Keloglu, the CEO of the Ramada Hotel in Istanbul, revealed that they are considering the cities of Izmir, Ankara, Adana and Istanbul for the...

Posted on 17 November 2008

Turkish football closes gap on the big five European leagues

With its big-name signings and loads of money spent, Turkish league is closing in on Europe’s big five leagues of England, Spain, Italy, Germany and France. Turkcell Super League’s bid to become one of the world’s top football leagues has been strengthened as it has been declared the sixth most...

Posted on 14 November 2008

Owning a property in Turkey could not be easier

Popular with holidaymakers, Turkey is becoming a destination to watch on the global property investment map. Interest in Turkey's property market has picked up considerably. "It was kind of a chicken and egg thing. Turkey was a country that had property with exceptional value. People started to discover this, so...

Posted on 12 November 2008